Nalwa Sons Investments Limited (NSIL) Stock - Complete Technical Analysis - Dec 06, 2024

Nalwa Sons Investments Limited (NSIL) Technical Analysis Support, Resistance & Key Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Detailed Technical Analysis for Nalwa Sons Investments Limited (NSIL)

Nalwa Sons Investments Limited (NSIL) is trading at 7,630, down 23.5% from its 52-week high of 9,974. The stock has rallied significantly from its 52-week low of 3,005, reflecting strong bullish recovery. Currently, the stock is facing resistance near the 8,000-8,200 range, with price action displaying volatility. The recent price drop from 8,280 on Dec-04 to 7,581 on Dec-06 highlights sharp sell-offs, signaling potential for either consolidation or a reversal.

Technical indicators show a neutral trend. The RSI at 49.8 is flat, indicating no significant momentum in either direction. The MACD is in positive territory, reflecting a bullish crossover, while the Stochastic Oscillator points to oversold conditions, which could indicate a potential price bounce. The Average Directional Index (ADX) at 32.49 confirms a strong trend, but momentum indicators like CCI and Williams Percent Range suggest bearish sentiment, providing mixed signals.

Key support is found around 7,600, with a possible retest of 7,500 if the price continues to slide. Resistance is at 8,000-8,200, where sellers are likely to dominate. If the stock can break through this resistance, it could lead to a bullish rally.

Overall, the stock is showing a neutral to bearish short-term outlook, with potential for a price reversal if it can stabilize near the 7,600 mark. Traders should look for confirmation of the trend before making any large commitments.